📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Channel
📌 Symbol/Asset: Power Grid Corporation
🔍 Description: The target of multiple patterns is pending, stock bounced back from solid support.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Support
Supriya superb longSupriya shows bullish potential due to the following factors
1. Upward channel giving a good
range bound move
2. Buying with good volume and candles
seen at the support zone
3. Golden cross about to form
4. Bullish flag with low volume
We should take the position sizing approach,
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Hence, buying as close to the trendline, moving averages and support zone and adding more on the break of the flag pattern.
Target: 320
Stop loss: 231.90
Keep It Simple
Today's Important Zones For Banknifty Today's Important Zones For Banknifty.
One can plan a trade at that zone on selling after rejection of resistance zone or breakout of resistance zone.
For buying it need to bounce at support zone or breakdown of support zone with decent volume support.
Note:
Only for educational purposes. Not any recommendations for trading.
BPCL Swing TradeBCPL has broken below the support zone, which has been tested multiple times in the past. This presents a good opportunity for a small swing trade.
Entry:
To take advantage of this situation, we can initiate a short position as soon as the next candle opens.
Stoploss:
For risk management, it's wise to set the stoploss just above the support level, with a little buffer added.
Target:
Our target for this trade can be set near the next support level, as indicated on the chart.
Thank you, Please like and follow me.
HDFC Bank | September Expiry | Option Hello friends,
Today i am posting #hdfcbank next month expiry trade.
Since last 2 weeks market is bearish so now it should hold for bound back or hold here because Hdfc is taking support near 1600 - 1680 around so it would be good chance to take trade on bullish side this week.
If it cross and close above 1600 then it will take good move up side. so keep this stock in your list and trade within your analysis on this stock.
I am going to buy 1600 Sept CE tomorrow to hold for long one or two week as per my bullish direction view but you must analysis your own and then take trade on your risk.
*It's not suggestion to any one but only my analysis view for this stock. Take risk by your own understanding.
Like | Share | Comment.
Amara Raja Batteries, at right spotAmara Raja Batteries is in a good position. Think about holding it for the long term or a shorter swing trade. It's a strong stock with a forward-thinking business.
nIFTY IMPORTANT LEVELS /ZONES FOR 10 august iNDEX witnessed a strong recovery from lows
the stunning recovery led to improved sentiment and buying across the board
now since 3rd day in a row Nifty witnessed sustain above 20 ema area we can see the upmove to pick up from here
levels to watch : 19550 on downside will emerge as buying zone
while 19700 -19750 could act as a level of profit booking
Kotak Bank Near Support ZoneKotak Bank is trading in sideways channel and is currently near a support zone of the channel. This presents a potentially good opportunity for a swing trade.
Entry:
For entry, it is recommended to go long after close of strong bullish candle near support zone.
Stoploss:
To minimize risk, a stop loss should be placed below the support zone, with some buffer to avoid stop loss hunting.
Target:
As for the target, it is advised to aim for the next resistance level as indicated on the chart.
Thank you for considering this analysis, and feel free to follow for more insights.
Bpcl bounce backBPCL has fallen over 9% on disappointing earnings.... that's the past
Looking at the stock right now, we can see
1. It is falling on low volume towards the support zone = good bullish sign ( Since there is no selling in the market )
2. It is present at a major support and trend line ( Supports hold in bull markets )
3. Support from 200EMA = bullish sign
We should position size..
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct.
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Add to more positions once 50EMA breaks and tighten the stop loss.
Keep It Simple
Great Swing Opportunity in HFCL!Good evening All!
So, HFCL Ltd has been stuck in a beautiful symmetrical tringle pattern for about 2 years now.
As we can see from chart it moves up retest it resistance, gets rejection from the trend line and retrace back to support. It's like a cycle that keeps repeating.
Right now, it's again retraced back to the support level and is trading above it. Don't you think this could be a great opportunity to buy and then sell when it tests the resistance again? It seems like we could take advantage of this special pattern! And that makes our trade little easier and less riskier.
Today, HFCL Ltd touched its support and showed a powerful upward move. I suggest we consider buying at this level and aim to sell at 82 with a stop loss at 59. Our target should be at least 82. Let's keep an eye on the stock and make the most of this opportunity.
What do you think guys, do let me know.
And if you found this helpful do consider Boosting this Analysis 🚀 so, it can reach out to more people.